Management study area guide 2015

Turning an idea and a team into a successful businessManagement

business.monash.edu

Studying a major in management gives you an insight into the different areas of business and how they align together. I’ve really enjoyed learning about organisational change – which is inevitable in any workplace – and governance and ethics, which explores the ethical issues managers face when making business decisions. Tanya TagliabueBachelor of Business. Majors: Business Management and Strategy

Studying management as part of your undergraduate business or commerce degree is a fantastic opportunity to develop leadership and people skills. As many leading executives will tell you, one of the most important skills in the business world is the ability to effectively manage and encourage others. Skilled managers are in high demand and, in many cases, earn high salaries.

Strong management skills are also at the heart of achieving innovation and change, which is necessary to improve economic and societal wellbeing. That’s why studying management – and its context – adds real value to business and commerce students.

What is management?Management is an important business function, responsible for coordinating the efforts of an organisation’s people and resources to achieve its goals.

Managers are responsible for ensuring the organisation’s competitiveness and managing and developing people. People are an organisation’s most important asset, and it is the manager’s role to develop those assets. A manager’s tasks are varied and can be driven by the type of industry they work in, but generally, being a manager involves setting objectives; finding the right people to undertake the work; organising work and assigning that work to people; as well as motivating the team to keep them on track.

A successful management career requires an ability to think in a strategic and often visionary way. It involves having the confidence to make difficult decisions and having the ‘people-skills’ to manage a wide range of stakeholders.

Careers in managementThere are lots of different roles that require management skills. Many of our graduates go on to play highly significant roles in industry, commerce, government and community sectors. Our distinguished alumni can be found in leading positions in business, government and other sectors, both in Australia and around the world. Some of our graduates have established and now run their own businesses.

Business operations

— Sales management

— Change management

— Consulting

Human resource management

— Recruitment

— Workplace relations

— Health and wellbeing

— Staff development

Supply chain management

— Logistics

— Project management

Monash Business School offers six different options if you’re interested in studying management:

Bachelor of Business (major in Business Management)

Bachelor of Business (major in Business Management and Strategy)

Bachelor of Business (major in Human Resource Management)

Bachelor of Commerce (major in Management Studies)

Why study Management?If you are interested in a career in business then no doubt at some point you will want to take a leadership role or drive change in your organisation. Whether you want to be a senior executive, an entrepreneur or a small business owner, management skills are essential for career success.

Our majors

At Monash Business School, you can study one of the following management majors as part of a Business or Commerce comprehensive degree. You can also study a management specialisation as part of a specialist Bachelor of International Business degree, or a double degree.

Business Management and StrategyIn order for a business to grow and thrive, it needs a management team that can identify new strategies or goals, implement change and identify new business opportunities. A major in Business Management and Strategy gives you the knowledge and understanding to resolve current and future organisational challenges and achieve strategic goals. You will develop skills in critically assessing management and strategic practices, and in problem solving to improve existing processes or create new business opportunities.

Offered in: Bachelor of Business

Location: Peninsula campus

Business ManagementEffective management is essential to the success and growth of an organisation. This major focuses on the practical application of management knowledge and decision-making in organisations across the private, public and not-for-profit sectors. You will learn about managing communication, organisational change, business strategy and the application of new technologies to enhance organisational performance.


Location: Caulfield campus

Human Resource ManagementThe management and development of an organisation’s workforce is critical to its success. A major in Human Resource Management gives you an understanding of how human resource (HR) strategies and practices enable people to realise their potential, as well as achieve organisational objectives. You will learn how to manage and interpret employment law, industrial relations, workforce planning and HR strategy.


Location: Caulfield campus

Management StudiesManagement is a fundamental component of every business. Effective management is crucial to the growth and success of an organisation and the people who work within it. A major in Management Studies gives you the skills and knowledge to analyse and resolve complex issues across government and professional sectors, using contemporary management concepts and strategies. You will focus on the implications of management theory, organisational behaviour and strategic management for organisations.

Offered in: Bachelor of Commerce

Location: Clayton campus

Related majors

Management is a diverse field with many branches and areas. If you’re interested in studying management, you might also want to consider our related majors:

Behavioural CommerceFor enterprises to be successful, companies and executives need to understand the motivations and mindsets of their consumers and competitors. A major in Behavioural Commerce gives you the skills and knowledge to use psychology to explain the behaviour of people and organisations in business environments. You will develop a strong understanding of commercial behaviour and decision-making processes, and how these affect the economy, corporations and the public sector.



SustainabilityActing sustainably and ethically is an important part of the ethos of many contemporary organisations. This major gives you the skills to deal with the complex economic, environmental and sustainability issues being addressed by corporations, government and the media. You will learn how to implement strategies and tools to improve business practices, and help organisations operate in a more sustainable way.



Sports ManagementSport is one of the world’s most important cultural activities. The Australian Open, the Olympics, AFL, NRL, the Grand Prix and International Test Cricket are all businesses that require experts to plan, manage and implement them. A Sports management major provides you with a thorough understanding of the marketing, administration and economic dimensions of sport.



Tourism (minor)Tourism is one of the largest industries in the country, and plays an important part in Australia’s economic base and employment market. In this minor you will learn about the economic, environmental and social impacts of tourism, and develop an understanding of the needs of tourists and business providers. You will develop strong skills in tourism management and marketing, and acquire the knowledge to design travel and service experiences across the sector.



A world of opportunity

We also offer a major and a specialist degree in International Business. Check out the International Business brochure if you’re looking to take your management career global.

Did you know?

Management as a double degree

If you’re interested in a double degree in business or commerceAt Monash Business School you can study a management major in either a business or commerce degree and combine it with degrees offered as part of our specialist courses.

Popular combinations include:

— Management or Human Resource Management with Accounting, Marketing or Banking and Finance

— Management Studies with Actuarial Science, Economics or Finance.

If you’re interested in a double degree in another disciplineYou can also choose to study a management major as part of a double degree with another faculty in the university. A management major is a good complement to degrees in Arts, Engineering, IT and Science.

A management major is a great addition to your degree - it will give you the skills you need to work effectively with people across all levels of business and government.

At Monash Business School there are a number of ways you can take your studies on the road and study abroad.

Some of our management subjects are offered at Monash’s international campuses including Monash Malaysia, Monash South Africa and at the Prato Centre in Italy. You also have the opportunity to study overseas or go on exchange as part of the universities study abroad programs. You can find out more about studying management overseas on our website.

Study management abroad

Management skills are relevant to every industry imaginable – which is why studying a major in management is a good complement to any double degree. Monash University has one of the largest double degree programs in the country, which means we have plenty of combinations that suit a management major.

For more information visit our website business.monash.edu

“Enrolling into a Bachelor of Business, majoring in Human Resource Management, was one of the best decisions I made. I am currently working in Human Resources for the Australian Red Cross, and I constantly apply the knowledge and skills I gained throughout my degree. My long-term goal is to move into a leadership role within human resources and to drive an organisation’s human resource strategy.”

“I joined the Monash community in 2014 to undertake an Honours degree in management. Although it was the most challenging year of my university experience, it was also the most rewarding, providing me with the skills and opportunity to design and undertake academic research into western-centric constructions of market forces. The guidance and support of my supervisors and lecturers throughout the Honours process was a constant source of motivation. I’m now continuing my research as a PhD candidate in the Department of Management.”

“I started my Monash journey as a science student, which I chose mostly because I didn’t know what to do. But after I broke my neck in a football accident, my career trajectory changed and I switched to a Bachelor of Business with a major in Management. While I’d struggled in science, I discovered I had a passion for business and quickly regained my motivation for study. I’ve particularly enjoyed my units in organisational change, leadership principles and practice and employee relations.”

Olivia E Davies

Course: Bachelor of Commerce (Honours)

Major: Management

Stephanie Berry

Course: Bachelor of Business

Major: Human Resource Management

Hugh Frecheville

Course: Bachelor of Business

Major: Management

What our students say...

The information in this brochure was correct at time of publication (August 2015). Monash University reserves the right to alter this information should the need arise. You should always check with the relevant Faculty office and Monash website when considering a course. CRICOS Provider: Monash University 00008C

Management study area guide 2015

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